The largest ever PV power plant, dubbed the OneGiga Project and said to have cost around €1.75 billion has been shelved by the developer Securum Equity Partners and will seek €160 million from the Republic of Serbia at the International Court of Arbitration in London, England.
Securum claims that the Serbian Government had failed to provide appropriate land, previously estimated to be around 3,000 hectares to construct the power plant made up of 100 PV plants of 10MW each.
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The agreement included land selection criteria that included the following:
1. Land with scarce vegetation, without any high trees generating shade
2. Flat surface or with a 5 percent of gradient at the most
3. The height of the land should not be over 500 to 600 meters height above sea level
4. Easy access to public roads for the machinery and other facilities
According to Securum the Serbian Government failed to meet the criteria and land offered was often found to be flooded or in mountainous locations.